Fed's Waller Calls for Patience on Rate Cuts!

In the United States financial sphere, Fed Governor Christopher Waller (@federalreserve) has highlighted an uneven progress on inflation in January. Despite this, he advocates for a pause on rate cuts to carefully observe the economic trends this year. It appears that, akin to the pattern seen in 2024, there might be room for rate cuts later in 2025, contingent upon how inflation shapes up. This cautious approach aims to strike a balance between fostering growth and controlling inflation - a dance familiar yet fraught with uncertainty in the financial world. Will waiting pay off? Keep a watch on those numbers!